The Mog Coin (MOG) price is struggling to hold on to significant gains despite Coinbase tweeting that it has added MOG to its listing roadmap. Although this announcement briefly increased the momentum, MOG’s reaction was much more muted compared to other coins such as Moodeng.
The EMA lines are now showing a bearish signal, with short-term lines crossing below long-term lines, increasing the likelihood of further declines towards support zones. If buying interest does not pick up, MOG could continue to face challenges, although a reversal could lead to a test of resistance.
The MOG trend is getting stronger
MOG ADX rose to 29.4, rising from below 15 just two days ago. This sharp rise follows Coinbase’s announcement that it was adding MOG to its listing roadmap, signaling a significant strengthening of the trend.
The current level indicates that MOG has moved from a weak or subtle trend to a strong one, driven by increased market activity and investor attention.
ADX (Average Directional Index) measures the strength of a trend regardless of its direction. Readings below 25 indicate a weak or consolidating market, while readings above 25 indicate a strong trend.
MOG ADX at 29.4 suggests the start of a strong trend, likely driven by news of Coinbase’s listing. If this momentum continues, it could lead to further price movements as traders capitalize on the growing interest.
Mog Coin RSI shows neutral zone
MOG’s RSI fell to 45 from 55 yesterday, following a sharp rise from 35 following Coinbase’s announcement that it was adding MOG to its listing roadmap.
This decline reflects a decline in buying momentum after the initial excitement, placing the RSI in neutral territory where neither buyers nor sellers have a decisive advantage.
RSI (Relative Strength Index) measures the speed and magnitude of price changes, with values above 70 indicating overbought conditions and values below 30 indicating oversold levels.
An MOG RSI of 45 suggests a balanced market with the potential for either party to take control. If buying interest resumes, the RSI could rise again, potentially pushing the price higher, but sustained weakness could lead to further consolidation or a minor pullback.
MOG Price Prediction: Will It Drop to $0.0000020?
While news of Coinbase’s listing caused MOG’s price to rise somewhat, its reaction was modest compared to coins like Moodeng, which saw significantly stronger gains.
This muted response shows that the market’s excitement about MOG may not yet match that of its peers, potentially limiting its near-term upside.
The EMA MOG lines are currently showing a bearish signal, with short-term lines crossing below long-term lines. If this downtrend continues, the price could test support levels around $0.00000220 and $0.0000020. Although it has dropped over the past 24 hours, MOG continues to be one of the hottest meme coins in the Base ecosystem with a market capitalization close to $1 billion.
However, a reversal in the uptrend could change the momentum, allowing MOG price to test resistance at $0.0000026 and $0.00000287 and potentially rise to $0.0000030.
